3 stocks on brokerages' radar

Citi maintains buy rating on Coal India with a target price of Rs 270 per share. The brokerage note Coal India's November despatches are down 8% YoY, though better in QoQ terms. CIL stock is down ~20% in 6 months. At 7x 1-Year forward PE, risk-reward is favorable.

The brokerage recommends tight ‘take profit’ levels in ongoing resolution trade. Credit growth and earnings/RoE visibility are key challenges for the sector which will limit valuation mean reversion. It recommends moving to HDFC Bank, Kotak Bank, SBI Life and Bajaj Fiance.